Transocean Wins Contracts for Rigs

Tuesday, October 11, 2005
The Transocean Leader, a fourth-generation, deepwater semi-submersible rig, won a one-year contract from Statoil ASA for exploration and development drilling operations offshore Norway. The Transocean Leader is expected to commence the contract by September 2007, in direct continuation of the rig's current contract, also with Statoil in Norway. Expected revenues are approximately $133 million.

Additionally, Oil and Natural Gas Corporation Ltd. (ONGC) of India awarded the ultra-deepwater drillship Discoverer Seven Seas a three-year contract for drilling operations offshore India. The drillship is expected to complete its current three-year contract with ONGC by February 2007 and commence the new contract by the end of May 2007, following an estimated 90-day planned shipyard program. Revenues of approximately $345 million could be generated over the three-year contract period, excluding revenues for comprehensive services that include well planning, operations support and logistics management. The estimated contract revenues for each rig are exclusive of revenues for mobilization, demobilization and client reimbursables.

The Transocean Leader and Discoverer Seven Seas are two of 32 High-Specification rigs in the Transocean Inc. fleet, 13 of which are Fifth-Generation Deepwater Floaters. The rigs can operate in water depths of up to 4,500 feet and 7,000 feet, respectively.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Offshore Oil & Gas: Brazil’s Northern Frontier

In an effort to spread out oil and gas production to other parts of the country and increase overall oil production, Brazil has finally intensified hydrocarbon

Safety the Focus as Heavy Lifting Picks Up

Modern heavy lift capabilities are crucial for safe, efficient operations offshore Heavy lift operations offshore are an awe-inspiring feat, but an operation that

Azeri Shipyard, BP Sign Vessel Construction Contract

Azeri state energy company SOCAR's shipyard and British oil major BP have signed a $378 million deal to design and build a subsea construction vessel for the Shah Deniz II gas project,

Environmental

Huge Iceberg Broken off Antarctica Heads for Open Ocean

Scientists are monitoring an iceberg roughly six times the size of Manhattan - one of the largest now in existence - that broke off from an Antarctic glacier and is heading into the open ocean.

Offshore Oil & Gas: Brazil’s Northern Frontier

In an effort to spread out oil and gas production to other parts of the country and increase overall oil production, Brazil has finally intensified hydrocarbon

RINA Launches Notation for Eco-ships

International classification society RINA has launched a new voluntary notation to clearly identify new ship designs which meet eco-ship criteria. The Efficient

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1238 sec (8 req/sec)